Common use of Back-Stop Clause in Contracts

Back-Stop. At the closing of the Rights Offering, pursuant to the terms and subject to the conditions of this Agreement and the Rights Offering as set forth in the Registration Statement, the Investor shall, on the same terms and Subscription Price as the Rights Offering, purchase such number of shares of Class A Common Stock as is sufficient to ensure that the aggregate proceeds from (i) the Rights Offering, (ii) the Investor’s purchase pursuant to Section 2.1 hereof and (iii) the Investor’s purchase pursuant to this Section 2.4, equal the Backstopped Amount. The Investor’s obligation to purchase the shares of Class A Common Stock pursuant to this Section 2.4 is conditioned upon the consummation of the Rights Offering in accordance with its terms.

Back-Stop. At the closing of the Rights Offering, pursuant to the terms and subject to the conditions of this Agreement and the Rights Offering as set forth in the Registration Statement, the Investor shall, on the same terms and Subscription Price as the Rights Offering, purchase such number of shares of Class A Common Stock as is sufficient to ensure that the aggregate proceeds from (i) the Rights Offering, (ii) the Investor’s 's purchase pursuant to Section 2.1 hereof and (iii) the Investor’s 's purchase pursuant to this Section 2.4, equal 2.3 equals the Backstopped Aggregate Offering Amount. The Investor’s 's obligation to purchase the shares of Class A Common Stock pursuant to this Section 2.4 2.3 is conditioned upon the consummation of the Rights Offering in accordance with its terms.